Tandem Expansion

Tandem Expansion is a growth capital investment firm established in 2009 and based in Montreal, Canada. The firm specializes in making significant minority investments in small and mid-sized technology companies across various sectors, including information technology, clean technology, energy and resource technology, advanced materials, and life sciences. Tandem Expansion aims to identify companies with promising commercial prospects and unique value propositions. In addition to providing capital, the firm leverages its team's extensive experience in building businesses and fostering global relationships to enhance value creation for its portfolio companies. It typically targets investments between CAD 10 million and CAD 30 million, focusing on businesses that demonstrate technological innovation and growth potential.

André Gauthier

Managing Partner

Charles Sirois

Founding Partner

Past deals in Montreal

Coveo

Series D in 2015
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its flagship products, such as Coveo for Salesforce and Coveo for Sitecore, enhance user experience by providing consumer-like search capabilities and personalized recommendations based on specific tasks. The platform connects and unifies information from both on-premise and cloud applications, enabling employees and customers to access relevant insights and expertise seamlessly. Coveo's technology facilitates self-service, improves contact center performance, and fosters collaboration within companies. Founded in 2004, Coveo is headquartered in San Mateo, California, with research and development operations in Quebec City, Canada, and additional offices in Montreal, Amsterdam, and the United Kingdom. The company also offers consulting and support services and maintains strategic partnerships with major technology firms.

Beyond the Rack

Series C in 2013
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Coveo

Series C in 2012
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its flagship products, such as Coveo for Salesforce and Coveo for Sitecore, enhance user experience by providing consumer-like search capabilities and personalized recommendations based on specific tasks. The platform connects and unifies information from both on-premise and cloud applications, enabling employees and customers to access relevant insights and expertise seamlessly. Coveo's technology facilitates self-service, improves contact center performance, and fosters collaboration within companies. Founded in 2004, Coveo is headquartered in San Mateo, California, with research and development operations in Quebec City, Canada, and additional offices in Montreal, Amsterdam, and the United Kingdom. The company also offers consulting and support services and maintains strategic partnerships with major technology firms.

Acquisio

Private Equity Round in 2012
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that serve them. The company offers a powerful programmatic engine that enables digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through an intuitive dashboard. Acquisio's automated system handles a significant portion of campaign management, allowing users to focus on data analysis and campaign improvement. The company emphasizes exceptional customer support, providing access to Account Managers and Analysts as well as a dedicated trading desk. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has established itself as a leader in the industry and has received multiple accolades for its rapid growth. The company operates from its headquarters in Montreal, with additional offices in New York, Seattle, London, and Japan.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Acquisio

Series B in 2011
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that serve them. The company offers a powerful programmatic engine that enables digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through an intuitive dashboard. Acquisio's automated system handles a significant portion of campaign management, allowing users to focus on data analysis and campaign improvement. The company emphasizes exceptional customer support, providing access to Account Managers and Analysts as well as a dedicated trading desk. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has established itself as a leader in the industry and has received multiple accolades for its rapid growth. The company operates from its headquarters in Montreal, with additional offices in New York, Seattle, London, and Japan.